Guideline Value for Pukraj Nagar 6th Street

Pukraj Nagar 6th Street guideline value

The current guideline value of Pukraj Nagar 6th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pukraj Nagar 6th Street has changed

The guideline value for Pukraj Nagar 6th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase of 10% from the previous revision in 2023, which was Rs 2,000 per sq.ft. Notably, there were no figures available for the years 2002, 2003, 2007, and 2017 for this street.

Looking back further, the guideline value remained unchanged at Rs 2,000 per sq.ft from the 2012 revision to the 2023 revision. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Pukraj Nagar 6th Street's 2024 figure above that median.

• Pukraj Nagar 5th st (Ward No.14): Rs 2,200 per sq.ft (2024)
• Pukraj Nagar 6th St (Ward-14): Rs 2,200 per sq.ft (2024)
• Pukraj Nagar 5th St (Ward-14): Rs 2,200 per sq.ft (2024)
• Pukraj Nagar 6th st (Ward No.14): Rs 2,200 per sq.ft (2024)
• Pukraj Nagar 4th st (Ward No.14): Rs 2,200 per sq.ft (2024)
• Pukraj Nagar 7th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pukraj Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

To calculate your own fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pukraj Nagar 6th Street?

The Pukraj Nagar 6th Street is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value is an essential factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the transaction is recorded accurately and fairly.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pukraj Nagar 6th Street?

The current guideline value of Pukraj Nagar 6th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. There were no figures available for the years 2002, 2003, 2007, and 2017.

What is the land classification of Pukraj Nagar 6th Street?

Pukraj Nagar 6th Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Pukraj Nagar 6th Street?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, handles registrations for Pukraj Nagar 6th Street.